Economic Survey 2026: According to the economic review presented in Parliament on Thursday, the country’s primary capital market has performed brilliantly in the financial year 2025-26. Despite the uncertain global environment, India has emerged as a leading country in the world in terms of initial public offerings (IPOs). The review said that strong economic base, heavy participation of domestic investors and regulatory reforms of SEBI provided strength to the markets.

Market got support from domestic policies

Investor sentiment was hit due to trade disruptions across the world, volatile capital flows and uneven corporate profits. Despite this, the Indian markets remained firm. According to the review, the financial year 2025-26 has been full of ups and downs for global economies and financial markets so far. Despite this, India’s stock markets showed a measured but combative performance. This performance reflects supportive government policies, favorable economic conditions and continued participation of domestic investors.

Tariffs imposed by America, weak results of companies in the first quarter of the financial year 2025-26 and withdrawal of foreign capital affected the market sentiment to some extent. However, supportive steps like personal income tax cut, GST reforms and easy monetary policy provided stability to the markets. Apart from this, decreasing inflation and better performance of companies in the second quarter also supported the market.

Foreign investment continued in the primary market

During April to December 2025, Nifty 50 recorded a gain of about 11.1 percent and BSE Sensex recorded a gain of 10.1 percent. After the huge boom of the last financial year, this was a time of improvement and stability in the market. The review said that the primary market continued to attract domestic and foreign investors. This has further strengthened India’s role in global capital formation.

A total of Rs 10.7 lakh crore, including both debt and equity, was raised through the primary market during the financial year 2025-26 (till December 2025). During this period, the number of IPOs was 20 percent more than in the financial year 2024-25. There was a 10 percent increase in the amount raised through IPO on an annual basis.

Huge amount raised through IPO

The number of stocks listed in the main indices increased to 94 from 69 last year. The funds raised through these also increased from Rs 1.46 lakh crore to Rs 1.60 lakh crore. Offer for sale (OFS) dominated the IPO activities for the financial year 2025-26. Its share in the total amount raised was 58 percent, which shows that existing shareholders have sold more of their stake.

A lot of enthusiasm was also seen in the small and medium enterprises (SME) segment. 217 SMEs were listed in the financial year 2025-26 (till December 2025), whereas the number was 190 a year ago. The amount raised through SME IPO also increased from Rs 7,453 crore to Rs 9,635 crore.

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Economic Survey 2025-26: Union Finance Minister Nirmala Sitharaman presented the Economic Survey in Parliament before the Budget 2026-27 to be presented on February 1. The Economic Survey 2025-26 tabled in Parliament has made a detailed assessment of the functioning of the government during the last one year, the pace of the country’s economy and the major challenges facing it.

The impact of policy reforms made in recent years has been taken into account in the economic growth projections. Due to this, the medium term growth potential of the economy has reached close to seven percent. It said risks to growth remain broadly balanced, given the dominant role of domestic factors and strengthening macroeconomic stability.

According to news agency PTI, in the annual report presented on the performance of the country’s economic growth, it has been said that the survey has estimated that India’s GDP growth rate in the financial year 2027 can remain in the range of 6.8 percent to 7.2 percent, which points towards strong economic fundamentals and stable growth.

economic survey before budget

This economic survey has been presented at a time when the Union Budget is to be presented soon and the government is going to announce important policy decisions for the next financial year. In the context of the economy facing challenges amid global uncertainties, this survey not only assesses the current situation for the government, but will also play an important role in deciding the direction of micro-economic management and policy priorities.

The Economic Survey said that inflation is likely to remain under control in the coming year also due to improvement in supply situation and gradually visible impact of rationalization of GST rates. The government estimates that these factors will limit pressure on prices and consumers will continue to get relief.

What was said in the Economic Survey?

The rapid progress of India’s electronics sector has also been highlighted in the survey. While the electronics sector was India’s seventh largest export category in FY22, by FY25 it has become the third largest and fastest growing export category. Electronics exports grew to $22.2 billion in the first half of FY26, making the sector soon poised to become India’s second largest export sector.

According to the report, this boom in the electronics sector has come due to the rapid growth in domestic production and exports, which has been led by mobile manufacturing. The production value of mobile phones was around Rs 18,000 crore in FY15, which has increased to Rs 5.45 lakh crore by FY25. This is an increase of almost 30 times, which shows the strength of India’s manufacturing capacity and ‘Make in India’ initiative.

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